- GCP Student Living has completed the acquisition of Podium, a high specification, purpose-built, private student accommodation residence offering c.180 beds.

GCP Student entered into a conditional forward purchase agreement to acquire Podium in April 2016.

Podium is in the same locality as the company's existing 'The Pad' asset, together providing c.400 beds adjacent to Royal Holloway, University of London.

GCP Student said that Podium was now operational and fully occupied in respect of the 2017-18 academic year and the contract to acquire it had gone unconditional.

Accordingly, the company had now completed on the acquisition of this property.

Podium has been acquired for a purchase price of c.£29 million. The acquisition has been funded by the company's available resources.

At 8:19am: [LON:DIGS] GCP Student Living Plc share price was +0.5p at 138.75p

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